Roy G.D. Allen

Roy G. D. Allen (1906-1989) was a British economist and statistician. The basis of his economic studies were mathematics and statistics. In his works he described issues of the theory of value, consumer behavior and usability. Collaborated with John Richard Hicks and A.L. Bowley.

Allen gained notoriety in 1934 by publication in the magazine "Economica" in which he described the origin of the demand function, utility maximization and the substitution effect ("Slutsky Equation"), Thus launching the revival of neoclassical economics.

In his book 1938 he passed mathematical knowledge for future generations, describing several innovative concepts, such as: partial elasticity of substitution.